Renault Negotiates Iranian JV to Build X90 Car

PARIS – Should Iran agree to build the Renault SA X90, as expected, it will be the third production site for the €5,000 ($5,300) car.
Reza Veyseh, Iran's deputy minister of industry and mines, signed an agreement March 16 with Renault Chairman Louis Schweitzer to begin negotiations leading to a joint venture to build and sell the car, currently called the X90.
Iran’s auto industry is controlled by the Industrial Development and Renovation Organization (IDRO), of which Deputy Minister ...

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